In 2007, following the collapse of Alliance Atlantis, Alliance Atlantis was acquired by Canwest Global Communications and an affiliate of Goldman Sachs. Therefore, the company was re-launched as Alliance Films. The re-named Alliance Films continues to hold the Canadian rights to films produced by Miramax Films, and therefore to Celebi: Voice of the Forest, Pokémon Heroes, and Jirachi: Wish Maker.

All of the former Alliance Atlantis specialty networks are now owned by Shaw Communications through its Shaw Media Division (formerly CW Media) as of October 27, 2010.

Alliance Atlantis, like Koch Records (which distributed several Pokémon soundtacks), is now a part of Entertainment One.